JOANN Balance Sheet Health
Financial Health criteria checks 2/6
JOANN has a total shareholder equity of $-183.0M and total debt of $1.2B, which brings its debt-to-equity ratio to -631.1%. Its total assets and total liabilities are $2.3B and $2.4B respectively.
Key information
-631.1%
Debt to equity ratio
US$1.16b
Debt
| Interest coverage ratio | n/a |
| Cash | US$41.20m |
| Equity | -US$183.00m |
| Total liabilities | US$2.44b |
| Total assets | US$2.26b |
Recent financial health updates
Recent updates
JOANN: Digitalization Is Finally Paying Off
Oct 12Joann names new CFO
Sep 01JOANN's (NASDAQ:JOAN) Dividend Will Be $0.11
Aug 23
JOANN declares $0.11 dividend
Aug 19Here's What's Concerning About JOANN's (NASDAQ:JOAN) Returns On Capital
Jul 04JOANN: Poor Fundamentals Keep Us Bearish
Jun 27Results: JOANN Inc. Delivered A Surprise Loss And Now Analysts Have New Forecasts
Jun 08JOANN (NASDAQ:JOAN) Has Re-Affirmed Its Dividend Of US$0.11
May 24Financial Position Analysis
Short Term Liabilities: JOAN.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: JOAN.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: JOAN.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: JOAN.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: JOAN.Q has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: JOAN.Q is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.